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March 27, 2023 | The American Lawyer

Arnold & Porter Sets Record Revenue, But Profits Slipped as Economy Slowed Demand

Revenue at Arnold & Porter Kaye Scholer topped the $1 billion mark for the second year in a row, but challenges such as economic troubles, rising expenses, slow collections and U.S. political dysfunction impacted profits in 2022.
5 minute read
March 24, 2023 | The American Lawyer

'Frustrated' by 'Generalist' Arbitrators, This Am Law 200 Firm Is Starting Its Own ADR Practice

Atlanta-based Morris, Manning & Martin aims to fill a gap in arbitration and mediation services by offering technical expertise. The new leader of the American Arbitration Association says lawyers are divided in their preference for "generalists" vs. "specialists" as neutrals.
7 minute read
March 21, 2023 | The American Lawyer

Deal Watch: Cleary Leads Big Week in Deals as Bank Crises Bring More Work to Law Firms

Deal activity is strong for the second straight week, while a host of law firms landed on several big bank collapse deals.
9 minute read
March 17, 2023 | The American Lawyer

US Firm Leasing Activity Slowed in Late 2022 Amid Looming Economic Uncertainty

In its Q4 2022 report on law firm leasing activity, Savills finds leasing declined compared with the fourth quarter of 2021 and with the third quarter of 2022.
4 minute read
March 08, 2023 | The American Lawyer

Following a Record Year in 2021, Cadwalader Sees Double-Digit Declines as Market Cools

Gross revenue fell 10.5% in 2022 after rising 34.5% in 2021 as demand for structured products work plummeted in the second half of the year.
4 minute read
March 06, 2023 | The American Lawyer

Boosting Head Count and Profitability, O'Melveny & Myers Became a $1 Billion Firm in 2022

The global law firm increased gross revenue by 12.4% and head count by 10.7% without reducing RPL or PEP.
6 minute read
March 02, 2023 | The American Lawyer

Shearman and Hogan Lovells Call Off Merger Talks

"After careful consideration, we have mutually agreed that a combination at this time is not in the best interest of either firm," said a joint statement from the firms.
3 minute read
March 02, 2023 | The American Lawyer

King & Spalding Cracks $2B Threshold

In addition to growing the top line by double digits, the firm also grew profits per equity partner by over 8%.
5 minute read
February 28, 2023 | The American Lawyer

Cravath Set for English Law Debut with Shearman Double Partner Hire

The development sees Cravath add UK-qualified lawyers to its London ranks for the first time since the office's debut 50 years ago, while the departures are the latest blow for Shearman.
2 minute read
February 27, 2023 | The American Lawyer

Deal Watch: Debevoise, Kirkland and V&E Lead $7B Merger, and When Are IPOs Going to Be a Thing Again?

A moderately busy week in M&A saw one big deal, several smaller ones—and even an IPO. Proskauer partner Kristina Trauger sees room for optimism in IPO activity this year.
9 minute read

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